Steep Fuel Price Hike Anticipated for February
All good things must come to an end and following a fairly stable January, it seems that a steep fuel price hike is expected for next month owing primarily to foreign factors out of South Africa’s control. Looking for a new or used vehicle? Find it here with CARmag. It seems that bad news is imminent and that motorists should brace for a significant fuel price hike in February 2025. Early data from the Central Energy Fund (CEF) indicates substantial under-recoveries across all major fuel types, suggesting notable hikes at the pumps. The anticipated adjustments for February 2025 include a 68-cent per litre increase for Petrol 93, about a 64-cent rise for Petrol 95, and a 70-cent per litre hike for Diesel 500 ppm. Diesel 50 ppm is projected to increase by approximately 74 cents per litre, while Illuminating Paraffin could see a 49-cent increase. Related: No Januworry Expected With Provisional January Fuel Price Several key factors are driving these expected increases. The price...